JLL Capital Markets announce sale of San Antonio multifamily asset
Leuven Group sells Cordoba Apartment Homes to GVA Pro, LLC
SAN ANTONIO, September 26, 2018 – JLL Capital Market experts announced the successful sale of the Cordoba Apartment Homes, on behalf of Leuven Group, today. GVA Pro, LLC acquired the 260-unit, 7.891 acre apartment community located at 7810 Callaghan Road in San Antonio.
JLL Capital Markets Senior Vice President Moses Siller and Zar Haro represented the seller in the transaction.
“Strong economic drivers and historic job gains are generating huge investor interest for multifamily product in San Antonio and other markets across the state,” said Siller. “Cordoba offers an outstanding value-add opportunity for new ownership thanks to its great accessibility, projected rental rate growth and nearby by retail. This was a real win-win situation for the everyone involved.”
Cordoba Apartment Homes provides convenient access to I-10 and I-410, offering short commutes to several of the market’s top employers, including Methodist Healthcare, Baptist Health, and Christus Santa Rosa.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com